ENGIE (EPA:ENGI) - The Board of Directors accepts VEOLIA’s offer to purchase its stake in SUEZ

Transparency directive : regulatory news

05/10/2020 20:49

Press release
5 October 2020

The Board of Directors accepts VEOLIA's offer to purchase its stake in SUEZ

The Board of Directors met today to review VEOLIA's offer to purchase ENGIE's
29.9% stake in SUEZ, which expires at midnight.

The Board has taken note of VEOLIA's commitments, and notably its unconditional
commitment not to file a hostile takeover bid, once it has acquired ENGIE's
stake in SUEZ, and discussions started between the parties these past days
concerning the industrial project.

The Board has therefore decided to accept VEOLIA's offer. This transaction
represents disposal proceeds of EUR 3.4 billion and will generate a pre-tax
capital gain of EUR 1.8 billion, to be booked in the 2020 financial results.

Jean-Pierre Clamadieu, Chairman of the Board of Directors, said: "The disposal
of ENGIE's stake in SUEZ is an important first step in the Group's
implementation of its new strategic orientations announced at the end of July.
It will enable ENGIE to clarify its profile and boost its capacity to invest in
renewable energies and infrastructure - the two growth areas it is focusing on
to support the energy transition."

BNP Paribas, Credit Suisse, Lazard, BDGS, Weil, Gotshal & Manges, and d'Angelin
& Co served as ENGIE's financial and legal advisers in this operation.

About ENGIE

Our group is a global reference in low-carbon energy and services. Our purpose
("raison d'être") is to act to accelerate the transition towards a
carbon-neutral world, through reduced energy consumption and more
environmentally-friendly solutions, reconciling economic performance with a
positive impact on people and the planet. We rely on our key businesses (gas,
renewable energy, services) to offer competitive solutions to our customers.
With our 170,000 employees, our customers, partners and stakeholders, we are a
community of Imaginative Builders, committed every day to more harmonious
progress.
Turnover in 2019: 60.1 billion Euros. The Group is listed on the Paris and
Brussels stock exchanges (ENGI) and is represented in the main financial
indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe)
and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris -
World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

ENGIE HQ Press contact:
Tel. France: +33 (0)1 44 22 24 35
Email: engiepress@engie.com

ENGIEpress

Investor relations contact:
Tel.: +33 (0)1 44 22 66 29
Email: ir@engie.com

ENGIE CORPORATE HEADQUARTERS
Tour T1 - 1 place Samuel de Champlain - Faubourg de l'Arche -
92930 Paris La Défense cedex - France engie.com
ENGIE - French PLC with capital of 2,435,285,011 EUROS - listed in the Trade
and Companies Register of NANTERRE under the number 542 107 651 -
Tel.: +33 (0)1 44 22 00 00

ENGIE's latest news

02/05/2024 08:02

ENGIE (EPA:ENGI) - The Board of Directors accepts VEOLIA’s offer to purchase its stake in SUEZ

Transparency directive : regulatory news

ENGIE's latest news

Other stories